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THE Profit First Podcast
Gro Profit First Accountants
25 episodes
1 week ago
In this podcast series, Stephen Edwards , a Chartered Certified Accountant and the Director Gro Profit First Accountants delves into the real world of small business owners from the front line. You'll learn about how business owners really start off, how they survive and how they can flourish. https://groprofitfirstaccountants.co.uk/
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All content for THE Profit First Podcast is the property of Gro Profit First Accountants and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
In this podcast series, Stephen Edwards , a Chartered Certified Accountant and the Director Gro Profit First Accountants delves into the real world of small business owners from the front line. You'll learn about how business owners really start off, how they survive and how they can flourish. https://groprofitfirstaccountants.co.uk/
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Business
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The Two Types of 'Easy' In Business (And Which One to Avoid)
THE Profit First Podcast
10 minutes 49 seconds
3 months ago
The Two Types of 'Easy' In Business (And Which One to Avoid)
This Week’s Profit First Club Newsletter Estimated Read Time: 4 mins   Hi everyone, It’s Stephen Edwards from Gro Profit First Accountants—your Profit First Certified Accountants helping ambitious business owners across the UK build sustainable profits and the freedom they started their business for. In this week’s Profit First Podcast, I shared a concept that’s been a real breakthrough for me this year—the two types of easy—and how understanding this can help you push through the hard, complex middle stage most business owners get stuck in.   The Two Types of Easy When you first start your business, it often feels easy. Not because you’re a genius, but because you “don’t know what you don’t know.” You’re naive, full of energy, and unaware of the hidden challenges ahead. Then reality sets in. You learn more, take on more, and suddenly you’re juggling a million priorities—marketing, sales, operations, finance—while still delivering your core service. This stage isn’t easy at all. In fact, it’s overwhelming. Most business owners get stuck here—open-minded, eager to grow, but buried in complexity and unsure where to focus. But there’s another type of easy—the kind that comes after complexity. Once you’ve battled through, simplified, and built systems, business feels lighter again. You know what matters and what doesn’t. Less is more, and progress accelerates. The Four Big Machines Every business has just four major functions: Finance (where Profit First lives) Sales & Marketing Operations HR You can’t fix all four at once—pick one, master it, then move to the next. We help clients start with Finance, ensuring bookkeeping is accurate, VAT and payroll are streamlined, and Profit First is embedded. Once your numbers are clear, decision-making gets a whole lot easier. Profit First Quick Wins for This Week If you’ve read Profit First but haven’t yet started, here are two actions that can change your business overnight: Separate your VAT – Create a dedicated VAT account and transfer VAT as soon as you receive it. If you can’t manage this, Profit First is telling you something’s broken—possibly pricing, profitability, or cash flow timing. Start a Profit Account – Move just 1% of your revenue (top-line, before expenses) into a separate account. This tiny habit rewires how you think about profit and builds momentum without hurting cash flow. Do these two things together and you’ll prove to yourself you can run the business with money set aside—and then you can scale up from there. Final Thought: Business is only overwhelming if you try to grow without simplifying. Choose one area, master it, and remember—on the other side of complexity is a much better kind of “easy.”   Until next week, Stephen EdwardsProfit First Accountant & Business CoachGro Profit First Accountants
THE Profit First Podcast
In this podcast series, Stephen Edwards , a Chartered Certified Accountant and the Director Gro Profit First Accountants delves into the real world of small business owners from the front line. You'll learn about how business owners really start off, how they survive and how they can flourish. https://groprofitfirstaccountants.co.uk/